RWE Dea: Successful award of seven new production licenses in Norway

The Norwegian Government has awarded RWE Dea Norge seven new licenses, of which two as operator in the latest Awards in Predefined Areas round for 2011 (APA 2011)

Hamburg, 27.01.2012 (PresseBox) -
The two licenses awarded to RWE Dea as operator, each with a 40% share are situated next to the company's operated license PL330 in the northern part of the Norwegian Sea. These awards are valuable additions and fit well with RWE Dea's plan to build a strong portfolio in this area. The two new licenses increase the company's number of operated licenses from four to six.

The five licenses awarded as partner are valuable contributions to building a stronger presence in areas where RWE Dea is already actively exploring.

Managing Director of RWE Dea Norge, Hans-Joachim Polk says: "RWE Dea is pleased to have been offered seven new licenses, which we see as a vote of confidence from the Norwegian Government. They will strengthen our existing strong and long-time presence on the Norwegian shelf, and signal our commitment to continue to make a valuable contribution in the years to come."

APA 2011 is the most extensive licensing round to date on the Norwegian Continental Shelf, in terms of the number of licenses awarded and the number of companies applying. According to the Norwegian Minister for Petroleum and Energy Ola Borten Moe, the Government extended this year's round by 23,500 km2 in 2011.

Of the seven licenses awarded to RWE Dea, three are situated in the North Sea, three in the Norwegian Sea and one in the Barents Sea.

Rwe Dea AG

RWE Dea Norge AS is a subsidiary of the German oil and gas company RWE Dea AG and has been present in Norway for almost 40 years. The company has ownership interests in several producing fields, such as Snorre, Gjøa and Snøhvit, and is participating in two of the most important recent discoveries on the Norwegian continental shelf, Luno and Knarr. RWE Dea Norge is operator of six licenses in the exploration phase.

RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and crude oil. The company deploys state-of-the-art drilling and production technologies, putting its many years' experience acquired to good use. RWE Dea has set new standards in the fields of safety and environmental protection.

RWE Dea has stakes in production facilities and concessions in Germany, the UK, Norway, Denmark and Egypt and holds exploration concessions in Algeria, Ireland, Libya, Mauretania, Poland, Trinidad & Tobago and Turkmenistan. Moreover, in Germany, RWE Dea also operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe's largest energy utilities.